John Cassidy
@JohnCassidy
Staff Writer @NewYorker. New book: "Capitalism & Its Critics: A History from the Industrial Revolution to A.I." An "intelligent beach read"--the Telegraph.
With apologies to Netflix and all the talented content creators it finances, I loved this line in @TheEconomist's review of Capitalism and Its Critics: "Still, several enjoyable evenings might be spent with Netflix off and Mr Cassidy’s new book open." economist.com/culture/2025/0…
Some media reporting that the Philippines will "pay a 19% tariff". No, they won't. American purchasers of goods from the Philippines will pay the 19% tariffs. The burden falls on the buyers, not the sellers. Thank you for your attention blah blah blah
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🚨 BREAKING: Detailed list of all 44 people in Meta's Superintelligence team. — 50% from China — 75% have PhDs, 70% Researchers — 40% from OpenAI, 20% DeepMind, 15% Scale — 20% L8+ level — 75% 1st gen immigrants Each of these people are likely getting paid $10-$100M/yr.
The train station for one of the fastest-growing cities in the country, in the largest economy on the planet.
HSR - Roughly the same distance from Los Angeles to Salt Lake City • Arrive at station 15 min before departure • 3 hours 43 minutes total, 7 stops • Lie flat business pod with massage • Dining car with beer and coffee, BYOB • Free WiFi, 5G works in tunnels • Order…
🚄🇨🇳☝🏻China has the world’s biggest HSR network. Over 70% of the world’s HSR are in China. 10,000 km of HSR was added during 2021-2024 to over 48,000 km in total. China’s total rail length has reached 162,000 km.
Good letter (and good that it comes from Gallego, Warner and Blumenthal, not quite the usual suspects) on Delta saying it will use AI to set personalized fares. This era of surveillance pricing is advancing fast and lawmakers need to advance with it.
In just a few months, @RobertKennedyJr has helped bring a pox upon the country — and until Republicans get serious about holding him accountable, more Americans will die, and the president’s legacy on health and safety will be badly tarnished. bit.ly/4kLCWBD
No doubt we'll see another cluster of A/C and tumble dryer posting from American public thought leaders vacationing in Paris during August even as the foundations of US great power status are dismantled at home
🚨 BESSENT ON POWELL: WE NEED TO EXAMINE THE ENTIRE FEDERAL RESERVE INSTITUTION
On the economic front, there are continued calls to focus more on prices, rather than tariffs that most Americans oppose. tinyurl.com/yc226t9x
A truly outrageous and sickening request from the Netanyahu government. The U.S. should not be complicit in or use ANY governmental, American taxpayer resources to aid and abet what amounts to the ethnic cleansing of Palestinian civilians from Gaza. We cannot stand for this.…
Party like it’s 1999: Goldman Sachs’ Non-Profitable Tech Index is up 66% since hitting its low in April.
A week off my column has given me time to catch up with some recent reviews of Capitalism and Its Critics, three of which I've linked to below. Thanks very much to the authors--James Livingston, @DeLong, and Donald Sassoon--for the time and attention they gave to the book. 1/4
Thanks very much to @econjared and The Contrarian for asking me to talk about the history of capitalism, and what it has to teach up about the challenges we face today. Smith, Marx/Engels, Polanyi, Keynes, Kalecki, Sweezy, Friedman--we got through a lot!…
Nothing to see here folks — just $11,000,000 being spent of YOUR taxpayer money to build a NEW ROAD in the middle of the EVERGLADES for this detention center currently caging hundreds of immigrants with NO criminal charge. I refuse to normalize this dangerous grift.